FuelCell Energy Inc. (NASDAQ:FCEL) shares are flying on Friday, sitting well above its longer-term moving averages as the shares work through a choppier stretch within a broader uptrend that has been intact since last fall. Here’s what you should know.
- FuelCell Energy shares are climbing with conviction. What’s fueling FCEL momentum?
FCEL’s Longer-Term Trend Remains Bullish
The bigger technical picture continues to favor buyers. Shares are trading 26.6% above their 100-day moving average of $17.47 and 75.2% above their 200-day moving average of $12.62, keeping the broader trend tilted higher. Closer in, the stock sits 4.9% above its 20-day moving average of $21.09 and 2.2% above its 50-day average of $21.63, a signal that the rally is trying to regain footing after a rougher patch.
The shorter-term moving-average structure is less clean. The 20-day average remains below the 50-day average, a bearish crossover on a near-term basis. But the longer-term golden cross from October 2025, when the 50-day average moved above the 200-day, continues to support the broader uptrend narrative.
RSI Shows Room Left to Run
Momentum readings aren’t flashing a warning sign. The relative strength index sits at 51.78, squarely in neutral territory, suggesting the stock isn’t overbought and still has room to extend higher if buyers step back in. That neutral reading also means the stock isn’t oversold, leaving room for the rally to continue without an immediate momentum ceiling.
Key Levels FCEL Traders Are Watching
FCEL’s major turning points have clustered around June, including its 52-week high of $37.88. Traders are now watching whether the current bounce can establish a higher low and push back into prior resistance zones rather than stalling out at the first sign of selling.
Resistance sits at $25.50, a nearby pivot and round-number level where past rebounds have stalled before extending further. Support sits at $18.50, a zone where buyers have previously stepped in and one that lines up closer to the stock’s intermediate trend.
FCEL Shares Are Jumping
FCEL Price Action: FuelCell shares were up 11.50% at $22.68 at the time of publication on Friday, according to Benzinga Pro.
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